Ambac-Pittsburgh (AP) Stock Drops 5.94% Amidst Market Volatility

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Dec 13, 2024

The stock of Ambac-Pittsburgh (AP, Financial) experienced a 5.94% decline, trading at $1.90 per share with a volume of 23,618 shares. The turnover rate was 0.12% and the amplitude was 4.19%. Recent financial reports indicate revenue of $96.17 million, a net loss of $1.96 million, and earnings per share of -$0.10. The gross profit was $15.18 million, and the price-to-earnings ratio stood at -0.87. Currently, there are no institutional ratings for this stock.

In the metal products industry, the overall decline was 1.15%. Notable stocks in the sector include Composecure Inc and Allegheny Technologies, with significant activity from Safe & Green Holdings Corp.

Ambac-Pittsburgh specializes in engineered specialty metal products and custom equipment, operating in forging and casting, and air and liquid handling sectors. Its main revenue comes from the forging and casting segment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.